Pilgrim's Pride (NASDAQ:PPC - Get Free Report) was downgraded by research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Friday.
A number of other analysts have also commented on PPC. BMO Capital Markets upped their price objective on shares of Pilgrim's Pride from $42.00 to $43.00 and gave the company a "market perform" rating in a research note on Friday, November 1st. Barclays upped their price target on shares of Pilgrim's Pride from $45.00 to $49.00 and gave the company an "equal weight" rating in a research report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $45.50.
Check Out Our Latest Analysis on PPC
Pilgrim's Pride Trading Down 3.2 %
Shares of Pilgrim's Pride stock traded down $1.73 on Friday, reaching $52.15. 1,194,656 shares of the company were exchanged, compared to its average volume of 1,123,027. Pilgrim's Pride has a fifty-two week low of $28.29 and a fifty-two week high of $57.16. The firm has a market capitalization of $12.37 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 0.20 and a beta of 0.82. The company has a current ratio of 1.95, a quick ratio of 1.27 and a debt-to-equity ratio of 0.75. The stock has a fifty day moving average price of $47.63 and a 200-day moving average price of $47.06.
Institutional Trading of Pilgrim's Pride
Hedge funds have recently made changes to their positions in the stock. CWM LLC increased its stake in Pilgrim's Pride by 19.1% in the 3rd quarter. CWM LLC now owns 2,086 shares of the company's stock valued at $96,000 after buying an additional 334 shares during the period. Blue Trust Inc. increased its stake in shares of Pilgrim's Pride by 34.8% in the third quarter. Blue Trust Inc. now owns 3,197 shares of the company's stock worth $147,000 after acquiring an additional 825 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Pilgrim's Pride by 88.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 433,891 shares of the company's stock worth $19,981,000 after acquiring an additional 203,408 shares during the last quarter. Castleview Partners LLC purchased a new stake in shares of Pilgrim's Pride during the third quarter worth $86,000. Finally, Raleigh Capital Management Inc. acquired a new stake in Pilgrim's Pride during the third quarter valued at $34,000. 16.64% of the stock is owned by hedge funds and other institutional investors.
Pilgrim's Pride Company Profile
(
Get Free Report)
Pilgrim's Pride Corp. engages in the production, processing, marketing, and distribution of fresh, frozen and value-added chicken and pork products to retailers, distributors, and foodservice operators. It operates through the following segments: U.S., U.K. and Europe, and Mexico. The company was founded by Lonnie A.
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